Jumping further into the auto industry after its $8B acquisition of Harman Industries last month, Samsung Electronics (OTC:SSNLF) has signed a contract to supply semiconductors to Tesla Motors (NASDAQ:TSLA). According to South Korea’s Electronic Times, […]
Procore Technologies has reached unicorn status after raising another $50 million. The company is now valued at more than $1 billion, more than double its $500 million valuation a year ago. Carpinteria, California-based Procore provides cloud-based […]
Delivery Hero Holding GmbH is acquiring Foodpanda, bringing together two top food delivery startups based in Germany. Rocket Internet SE, a backer of both companies, said the combined business will process more than 20 million […]
US and European rules to control electronic trading and access source codes are being questioned by systematic traders. “If code is not just based on algebra or algorithms, but an amalgamation of behavior learned over […]
The global aviation industry is expected to earn record profits of $35.6 billion this year, largely because of the efficiencies gained through restructuring, the International Air Transport Association said. For 2017, the trade group projects […]
China’s Producer Price Index shot up at its fastest pace in more than five years in November. The benchmark posted a 3.3% year-over-year increase, driven by sharp rises in commodity prices, particularly steel and coal. […]
Politicians in South Korea have voted to impeach president Park Geun-hye over a corruption scandal involving a confidante. If she’s permanently removed from office by the constitutional court (a procedure that could take up to […]
Total household wealth reached $90.2 trillion in the third quarter, a 1.8% increase, according to the Federal Reserve. The gain was driven by real estate values, which increased $554 billion, and stock and mutual fund […]
Japan cut its third-quarter GDP expansion to 1.3% from a preliminary estimate of 2.2%. The Cabinet Office said capital investment took a big drop as businesses drew down inventories, rather than buy products. Reuters (08 […]
Despite China’s efforts to curb capital flight, foreign exchange reserves dropped $69.1 billion in November, the biggest single-month fall since January, the People’s Bank of China said. The size of the decline could prompt the […]
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